LEAD PROGRAM IN BUSINESS (EIN 232139831) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

LAWRENCE M DRAKE II

Phone

4043343474

Tax Period

2022-01-01 to 2022-12-31

LEAD PROGRAM IN BUSINESS, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $1.4M left a modest 7% surplus.

Mission

THE MISSION IS TO ADDRESS HIGHER EDUCATION ACCESS AND CAREER PREPARATION BY OPTIMIZING CROSS-SECTOR COLLABORATIONS AND GLOBAL PARTNERSHIPS THAT FOCUS ON IDENTIFIYING AND NURTURING HIGH POTENTIAL YOUTH OF DIVERSE BACKGROUNDS BY DEVELOPING THEM INTO HIGH ACHIEVERS AND RESPONSONSIBLE LEADERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $989,545

Program Service Revenue $490,755

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,480,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,622

Fundraising Expenses $235,290

Program Expenses $953,098

Other Expenses $956,563

TOTAL EXPENSES $1,373,185

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,480,300	$1,569,381	-0.1%
Expenses	$1,373,185	$1,036,790	+0.3%
Net Income	$107,115	$532,591	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$257,904

Total Directors

$257,904

Key Employees

$44,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE M DRAKE II	PRESIDENT & CEO	55.00	Officer Director Highest	$257,904	$0	$257,904
MICHELE PICKETT	KEY EMPLOYEE	20.00	Key Emp	$44,982	$0	$44,982
JAMES PICKETT	BOARD MEMBER	0.00	Director	$0	$0	$0
MAXINE COLEMAN	SECRETARY	0.00	Director	$0	$0	$0
MILTON IRVINE	BOARD CHAIRMAN	0.00	Director	$0	$0	$0
JULIE STAGGS	BOARD MEMBER	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$1,480,300	$1,373,185	$827,633	$107,115
2020	$555,326	$605,246	$158,851	$-49,920
2019	$821,568	$654,327	$47,396	$167,241

LEAD PROGRAM IN BUSINESS